Mortgage Broker Software
Broker TechnologyLast updated: September 2026
What is Mortgage Broker Software in Canadian mortgages?
Technology tools used by Canadian mortgage brokers to find lenders, calculate mortgage metrics, manage clients, and submit deals. bips is an AI placement engine that tests a borrower scenario against 40+ Canadian lenders in about two minutes, with calculators and client tracking built in.
Mortgage Broker Software example
Recommended stack: bips (AI lender matching + built-in client tracking) + Filogix Expert (deal submission) + Speed Stacker (rate comparison).
Related broker technology terms
AI Scenario ExtractionUsing artificial intelligence to extract structured mortgage deal data from unstructured text like emails, broker notes, or client messages. bips uses Google Gemini AI to convert natural language into structured scenarios.FilogixThe industry-standard mortgage origination and electronic submission platform used by Canadian mortgage brokers. Brokers typically use bips to find matching lenders first, then submit deals through Filogix.Deal ScenarioA complete description of a mortgage deal including borrower details (income, credit, employment), property details (value, type, location), and mortgage request (amount, type, amortization). Used for lender matching in platforms like bips.GDSMonthly housing costs divided by gross monthly income. Includes mortgage payment, property tax, heating, and 50% of condo fees.TDSAll monthly debt payments divided by gross monthly income. Includes housing costs plus credit cards, car loans, lines of credit, and other debts.LTVTotal mortgage debt divided by property value. Determines if CMHC insurance is required and which lenders qualify.
How bips handles Mortgage Broker Software
bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Free for the first 3 placements.
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